The opening of the new branch is a part of a broader expansion plan designed to enhance Maxium Group’s growth into a national full-service firm.
"Maxim Group experienced growth across all divisions in 2011 and we’ve gained regional strength through our diverse platform. As large Wall Street banks have been forced to scale back operations and shed jobs in the current environment, we have been able to capitalize on this dislocation driven by the belief that volatile markets present tremendous opportunity," said Michael Rabinowitz, chairman and CEO of Maxim Group.
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In addition to Florida, Maxim Group said it is targeting expansion in Connecticut, Virginia, and California. The firm is looking to grow its Equity Research, Institutional Sales and Trading and Wealth Management Divisions.
The firm has appointed Erik Moquist as the managing director of the branch. Prior to joining Maxim Group, he was at Noble Financial Capital Markets for 13 years and served as Director of Institutional Sales since 2003.
Moquist will be assisted by Peter Kaufman, who was appointed a senior vice president of Institutional Sales Trading, and Shannon DiGennaro. Kaufman has over 18 years’ experience in the securities industry having spent the last five years at Noble Financial Capital Markets.
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